If one of you intends to remain in the coop apartment, the value of the coop can be determined by the difference between the monthly cost of the coop as opposed to a comparable rental apartment in your particular area. If neither of you intend to remain in the coop, and it cannot be sold, […]
If one of you intends to remain in the coop apartment, the value of the coop can be determined by the difference between the monthly cost of the coop as opposed to a comparable rental apartment in your particular area. If neither of you intend to remain in the coop, and it cannot be sold, then there is no residual value to be divided.
Any asset including stock which was acquired during the course of the marriage with marital funds (e.g. funds that were earned during the course of the marriage other than by inheritance ) are marital property regardless of in whose name the asset is held and should be generally divided equally.
If you are living in the New York City metropolitan area, please call me at 212-370-1660 to arrange a meeting to discuss mediating your divorce.
Leonard M. Weiner, Esq. /Divorce Solutions